GEM vs BAR
Comparison between GOLDMAN SACHS ACTIVEBETA(R) EMERGING MARKETS EQUITY ETF (GEM, ETF) and GraniteShares Gold Shares (BAR, ETF).
5-Year PerformanceBAR has outperformed GEM, delivering a return of +17.7% compared to +6.2%
GEM vs BAR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GEM vs BAR - Historical Returns
Returns include dividend reinvestment.
GEM vs BAR - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | GEM | BAR |
|---|---|---|
| 2026 | +15.16% | -0.40% |
| 2025 | +33.75% | +61.93% |
| 2024 | +7.92% | +27.29% |
| 2023 | +10.95% | +12.03% |
| 2022 | -21.72% | +0.89% |
| 2021 | -0.75% | -6.10% |
| 2020 | +11.23% | +24.03% |
| 2019 | +17.26% | +18.10% |
| 2018 | -15.62% | -2.73% |
| 2017 | +35.16% | -1.15% |
| 2016 | +12.61% | N/A |
| 2015 | +2.95% | N/A |
GEM vs BAR Drawdown Comparison
The maximum drawdown for GEM was -37.01%, occurring on Mar 23, 2020. Recovery took 720 trading sessions.
The maximum drawdown for BAR was -21.53%, occurring on Sep 26, 2022. Recovery took 853 trading sessions.
The current GEM drawdown is -8.52%. The current BAR drawdown is -20.05%.
| Rank | GEM | BAR |
|---|---|---|
| #1 | -37.01% Jan 26, 2018 - Dec 4, 2020 | -21.53% Aug 6, 2020 - Dec 27, 2023 |
| #2 | -36.24% Feb 17, 2021 - Jul 16, 2025 | -20.05% Jan 29, 2026 - Jun 5, 2026 |
| #3 | -19.70% Oct 13, 2015 - Jul 14, 2016 | -13.46% Jan 24, 2018 - Jun 20, 2019 |
| #4 | -13.50% Feb 25, 2026 - Apr 17, 2026 | -12.45% Mar 9, 2020 - Apr 9, 2020 |
| #5 | -9.68% Sep 6, 2016 - Feb 9, 2017 | -10.05% Oct 20, 2025 - Dec 22, 2025 |
| #6 | -8.52% Jun 2, 2026 - Jun 5, 2026 | -8.37% Sep 8, 2017 - Jan 24, 2018 |
| #7 | -5.20% Jan 21, 2021 - Feb 9, 2021 | -8.03% Oct 30, 2024 - Jan 30, 2025 |
| #8 | -5.15% May 11, 2026 - May 26, 2026 | -7.10% Apr 21, 2025 - Jun 13, 2025 |
| #9 | -5.13% Nov 22, 2017 - Dec 29, 2017 | -6.52% Sep 4, 2019 - Jan 6, 2020 |
| #10 | -4.73% Oct 29, 2025 - Dec 30, 2025 | -5.71% May 20, 2024 - Jul 16, 2024 |
| #11 | -4.25% Oct 6, 2025 - Oct 20, 2025 | -4.86% Mar 31, 2025 - Apr 10, 2025 |
| #12 | -3.50% May 16, 2017 - Jun 8, 2017 | -4.86% Dec 26, 2025 - Jan 12, 2026 |
| #13 | -3.47% Jan 28, 2026 - Feb 9, 2026 | -4.84% Jun 13, 2025 - Aug 29, 2025 |
| #14 | -3.45% Aug 15, 2016 - Sep 6, 2016 | -4.78% Feb 24, 2020 - Mar 5, 2020 |
| #15 | -3.33% Sep 19, 2017 - Oct 5, 2017 | -4.35% Jul 16, 2024 - Aug 12, 2024 |
Correlation
Correlation between GEM and BAR is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
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